[Screenshot captured from Pokémon animation]
Nintendo's shares have continued to fall this week after the Japanese company last week admitted it was not really related to the success of the phenomenal mobile game Pokémon Go.
Nintendo, the father of "Pokémon" and "Super Mario Bros.", saw its brand value soaring following the release of Pokémon Go in early July, but its shares began tumbling last week after the gaming godfather released a statement saying the augmented reality mobile game was developed and distributed by Niantic Labs while Nintendo just held a stake along with other companies.
At one point on Monday, Nintendo's shares nosedived 17 percent. Business Insider reported that Nintendo lost about 6.4 billion US dollars in its market value solely on Monday. The fall continued on Tuesday.
Aju News Park Sae-jin = swatchsjp@ajunews.com
reporter
Park Sae-jin
swatchsjp@ajunews.com
